African Development Bank Group (AfDB) / Press Release

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- Meeting with Mr. Muyiwa Omololu, CEO, Ropeways
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Source: African Development Bank Group (AfDB) | Jun 26, 2025

Rwanda: African Development Bank kickstarts pioneering cable car project in Kigali

Construction is expected to begin in late 2026, with commissioning scheduled for 2028

The African Development Bank (www.AfDB.org) has approved a grant of $500,000 to undertake a feasibility study into the first phase of a cable car transport network in Kigali, that will be sub-Saharan Africa’s first aerial urban transit system. The funds, to be sourced from the Bank Group’s Urban and Municipal…

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- Members of the African Development Bank team and other participants who worked on Senegal's award-winning $500 million sustainable term loan in Cape Town, South Africa
- Members of the AfDB team that participated in Rwanda's €200 M award-winning ESG loan in Cape Town
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Source: African Development Bank Group (AfDB) | Apr 04, 2025

CORRECTION: African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards

The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring

Two African Development Bank Group (www.AfDB.org)-supported projects have garnered top honours at the 2025 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/4lvavcK) conference. A $500 million sustainable term loan facility in Senegal (https://apo-opa.co/4i1gUt8) was named Sovereign Syndicated Loan Deal of the Year, while Rwanda’s €200 million ESG loan (https://apo-opa.co/3RxvfTd) was awarded ESG…

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- Representatives of the African Development Bank and other participants in Senegal's award-winning $545M sustainable term loan facility in Cape Town
- Members of the AfDB team that participated in Rwanda's €200 M award-winning ESG loan in Cape Town
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Source: African Development Bank Group (AfDB) | Apr 02, 2025

African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards

Two African Development Bank Group (www.AfDB.org) -supported projects have garnered top honours at the 2025 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/4li4foE) conference. A $545 million sustainable term loan facility in Senegal (https://apo-opa.co/4ldg7rV) was named Sovereign Syndicated Loan Deal of the Year, while Rwanda’s €200 million ESG loan (https://apo-opa.co/4lf3cpd) was…

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- Mrs. Nnenna Nwabufo – Vice President - Regional Development, Integration and Business Delivery – African Development Bank Group, offering the welcome remarks
- Participants at the Session (1)
- Dr. Joy Kategekwa - Director, Regional Integration Coordination Office at the African Development Bank Group (2nd from right) with Participants including His Excellency the Minister of Trade and Regional Integration of Ethiopia, Dr Kasahun Gofe (Middle)
- A group photo of Speakers during the High-Level Strategic Dialogue on Accelerating Visa-free Movement for Africa’s transformation and integration. They incude Mrs. Nnenna Nwabufo - Vice President, Regional Development, Integration and Business Delivery at the African Development Bank Group (4th from left) and H.E. Mr. Albert Muchanga - Commissioner for Economic Development, Trade, Tourism, Industry and Minerals at the African Union Commission (5th from left)
- H.E. Mr. Albert Muchanga - Commissioner for Economic Development, Trade, Tourism, Industry and Minerals at the African Union Commission, delivering the Keynote Address
- Dr. Joy Kategekwa - Director, Regional Integration Coordination Office - African Development Bank Group and Dr. Sabelo Mbokazi – Head, Employment, Labour and Migration Division – African Union Commission during the joint announcement of the 2025 Visa-Free Roadshow
- Ometere Omoluabi-Davies – Principal Regional Integration Coordinator – Regional Integration Coordination Office at the African Development Bank Group, presenting the 9th edition of the Africa Visa Openness Index Report
- Honorable Prudence Sebahizi, Minister of Trade and Industry, Rwanda
- African Union Youth Envoy - Chido Mpemba on a call to action
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- Participants at the session (3)
- Africa’s Business Sector sharing reflections on the theme (2nd from left Dr Amany Asfour - President, African Business Council, 2nd from right Ms. Allen Asiimwe - Deputy Chief Executive Officer, TradeMark Africa, First from right Mr. Mulualem Syoum – Chief Executive Officer, AeTradeGroup)
- Policymakers in a roundtable discussion on model practices to accelerate Visa-Free movement in Africa (From left - right H.E. Gilberto Da Piedade VERISSIMO - Chairperson - Economic Community of Central African States, ECCAS, H.E. Ms. Veronica Nduva – Secretary General, East African Community, EAC, H.E. Mr. Elias Magosi – Executive Secretary – Southern African Development Community, SADC, H.E. Dr Kasahun Gofe, Minister of Trade and Regional Integration of Ethiopia, Brian Tamuka Kagoro - Pan-Africanist and Managing Director Programs, Open Society Foundations)
- Participants at the session (4)
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Source: African Development Bank Group (AfDB) | Feb 19, 2025

African ministers hold strategic dialogue on visa-free movement to propel regional integration agenda for Africa’s Transformation

The presentation reported that 39 African countries have improved their scores since 2016, indicating that visa openness across Africa is at its highest level since the inception of the index

On the sidelines of the 38th African Union Summit, African leaders discussed obstacles to the continent’s economic integration, underscoring visa-free movement to reduce illegal migration and strengthen official travel channels. The high-level dialogue, convened by the African Development Bank Group and the African Union Commission alongside the AU Summit, brought…

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- African Development Bank supports BIASHARA Africa 2024 Business Forum
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Source: African Development Bank Group (AfDB) | Oct 15, 2024

African Development Bank supports BIASHARA Africa 2024 Business Forum

The meeting, organized by the African Continental Free Trade Area (AfCFTA), brought together industry leaders, policymakers and government representatives to promote African trade and foster economic growth on the continent

The African Development Bank (www.AfDB.org) has lent support to the Biashara Africa 2024 Business Forum or AfCFTA Business Forum, held from 9-11 October 2024 in Kigali, Rwanda. The meeting, organized by the African Continental Free Trade Area (AfCFTA) (https://apo-opa.co/4h90Ciq), brought together industry leaders, policymakers and government representatives to promote African…

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- Upcyclers, a web-based marketplace digitalizing the e-waste value chain, is a Ghanaian enterprise selected as one of 30 beneficiaries in the first cohort of the African Development Bank-supported AfriCircular Innovators Programme
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Source: African Development Bank Group (AfDB) | Aug 23, 2024

African Development Bank’s AfriCircular Innovators Programme names 30 small and medium enterprises to receive assistance to scale up circular economy solutions

MSMEs represent 80 percent of Africa's businesses, while the circular economy in Africa has the potential to generate 11 million jobs

The African Development Bank-supported (www.AfDB.org) AfriCircular Innovators Programme has selected 30 small and medium enterprises to receive financing and technical assistance to scale up circular economy (https://apo-opa.co/3SZxikc) initiatives. This inaugural cohort, drawn from Cote d’Ivoire, Ghana and Rwanda, participated in an online onboarding event on August 9, 2024. The AfriCircular…

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- The agreement signed in Nairobi by AfDB Vice president Solomon Quaynor (right) and Rwanda’s Minister of Finance Uzziel Ndagijamana will enable the country to raise up to €200 million competitively from international banks
- Members of the African Development Bank and government of Rwanda teams on the sidelines of the African Development Bank annual meetings in Nairobi
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Source: African Development Bank Group (AfDB) | Jun 03, 2024

African Development Bank and Rwanda Sign Partial Credit Guarantee Agreement to Support Green and Social Initiatives

The transaction demonstrates the Bank Group’s commitment to support Regional Member Countries access to alternative sources of sustainable financing in line with its Ten-Year Strategy (2024-33) seeking to accelerate inclusive green growth

The African Development Bank (www.AfDB.org) and the Government of Rwanda have signed a partial credit guarantee agreement to support Rwanda's mobilisation of financing for green and social initiatives. The document was signed at the African Development Bank's Annual Meetings by Solomon Quaynor, Vice President for Private Sector, Infrastructure and Industrialisation…

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- Significant results achieved in transport and energy and access to drinking water midway through the implementation of the African Development Bank’s Country Strategy Paper 2022-26 for Rwanda
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Source: African Development Bank Group (AfDB) | May 22, 2024

Rwanda: Significant results midway through the implementation of the African Development Bank country strategy 2022-26

A total of 120 targeted specialist graduates were employed within a year of graduating and 100 sustainable digital businesses have been created by young people

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved the mid-term review of the Country Strategy Paper (CSP) 2022-26 for Rwanda in Abidjan on 21 May 2024. The progress during the first half of the implementation period has been significant. The CSP for Rwanda was approved by…

Source: African Development Bank Group (AfDB) | Apr 25, 2024

Rwanda: African Development Fund to provide a partial credit guarantee to support the financing of green and sustainable initiatives

This is in line with Rwanda’s National Strategy for Transformation (NST-1) for 2017-2024 and Vision 2050

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The Partial credit guarantee for mobilisation of sustainable financing for Rwanda project…

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- The African Pharmaceutical Technology Foundation receives financial support from the African Development Fund to set up its activities
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Source: African Development Bank Group (AfDB) | Mar 04, 2024

Rwanda: The African Development Fund commits $12 million to the rapid operationalization of the African Pharmaceutical Technology Foundation (APTF)

This foundation will act as a transparent intermediary that promote and negotiate with pharmaceutical multinationals and other countries in the South on sharing technology

The Board of Directors of the African Development Fund approved, in Abidjan on 27 February 2024, $11.96 million Grant to speed up the establishment of the African Pharmaceutical Technology Foundation, headquartered in Kigali, Rwanda. The financial support from the African Development Bank Group’s Regional Public Good window, together with a…